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Students must be currently enrolled in ºÚÁÏÃÅ courses with registration confirmed. Students must be in good academic standing.

Loans will not be awarded to students in their first or last term, or with past due balances on tuition accounts and/or loan accounts.

Loans will be awarded on the basis of financial need as determined by the Office of Student Billing and the terms of the loan fund. Students must have accepted and confirmed financial aid in the amount of, or greater than, the loan amount requested.

Loans cannot be used for budgeted monthly expenses such as rent, utilities, credit card payments, child care, etc. Emergency loans are for unexpected costs such as, but not limited to medical or dental expenses, emergency car repairs, and emergency family situations/costs. Loans may be denied due to insufficient proof of hardship, or for past payment history.

Loans are limited to $1,500, and the maximum length of a loan is three months. The interest rate on a loan is 7%. Loan terms will always comply with Federal, State, and Institutional Financial Aid regulations and policies.

Students are allowed a maximum of two emergency loans during their enrollment at the ºÚÁÏÃÅ.

For more information on emergency loan requirements, borrower obligations, or the application process, please contact the Office of Student Billing.

Borrowers must promptly notify the Office of Student Billing if they change their name, address or phone number.

The emergency loan balance is charged to the student account and is repayable through the student's available financial aid. The loan amount must be paid in full with the next financial aid disbursement or within 90 days, whichever is sooner.

The ºÚÁÏÃÅ reserves the right to extend the terms of this contract upon request for an additional charge of $25.

Should a borrower default on a loan, the loan may be assigned to a collection agency. If this occurs, the borrower will be responsible for all collection costs and legal fees incurred.

Delinquent loans may be reported to a national credit bureau. A hold will also be placed on the borrower’s academic record at the University. This hold will prevent course registration and the issuance of transcripts and diplomas. Additionally, late fees may be assessed to the loan.

Where allowed by Federal, State, and University regulations and policies, tuition refunds are first applied to outstanding obligations owed to the University, including charges with future dates.